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  View in browser To get John Authers’ newsletter delivered directly to your inbox,  sign up here . Today’s Points: US  payrolls  expand in a big way for the third month in a row. Markets  gave up on fed funds cuts  this year — and Trump  spoke out against hikes . Tech stocks suffer a massive (and overdue)  one-day selloff . S&P steps back from letting SpaceX straight into the S&P 500  once it floats . AND: Another installment of  neglected masterpieces . Altitude H-IPO-xia When pilots or mountaineers ascend too high too fast, they risk  altitude hypoxia . With the supply of oxygen to the brain limited, blood pressure can drop. In extreme cases, fatal cerebral or pulmonary edemas can result. To avoid this terrifying condition, ascend slowly. Once patients are hypoxic, the imperative is to descend, quickly. Markets are suddenly looking hypoxic, with a drastic selloff Friday on Wall Street followe...
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  Iran Blackouts, hyperinflation, dissent: Iran considers perilous prospect of peace Conditions that led to bloody prewar protests have been made worse, commentators say Patrick Wintour Follow Patrick Wintour in My Guardian Notifications off Sat 6 Jun 2026 09.00 BST Listen to this article 8:21 Iran is already preparing for the perilous transition from wartime unity to a fractious peace marked by hyperinflation, a 10% contraction in the economy, power cuts and calls for a triumphalist government to end its unprecedented hunting down of dissent. With peace not yet secured, the debates within the regime about Iran’s future are only just starting to emerge but its rulers are clearly thinking about how after surviving the war, they can survive the peace. Open discussions on channels such as Azad are heard on alternative future postwar directions for the country. There are advocates of greater openness, and others such as Saeed Ajorlou, close to the Iranian negotiating tea...
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